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PROBLEM II (10 points) The following information is taken from the financial statement of the...

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Accounting

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PROBLEM II (10 points) The following information is taken from the financial statement of the XYZ Company: Annual Sales (365 days) $ 1,825,000 Accounts Receivables $ 150,000 Inventory turnover 50 days Accounts Payable Turnover 15 days Using the above information: (1) Calculate the Net Trade Cycle in days for the company. (2) Calculate using the results obtained in (1), in dollars, the amount of net working capital to be financed for XYZ Company if sales were to double and the Accounts Receivable Turnover, the Inventory Turnover, and the Accounts Payable Turnover all remained the same as in (1)

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